Auction Terms:
PLEASE READ AND REVIEW THE TERMS THOROUGHLY PRIOR TO BIDDING

IF YOU HAVE NOT
READ AND UNDERSTAND THESE TERMS Â– PLEASE DO NOT BID

BY BIDDING ON THIS
AUCTION, BUYER AGREES TO ALL TERMS AND CONDITIONS SET FORTH AND ENTERS INTO A
CONTRACTUAL AGREEMENT TO PURCHASE THE ITEM(S) UNDER THE FOLLOWING TERMS AND
CONDITIONS:

1. CATALOG: Aumann Auctions has put forth every effort in
preparing the catalog for this auction to provide accurate descriptions of all items.
All lots are sold AS-IS, WHERE-IS, with all faults, imperfections and errors of
description. Due diligence is the responsibility of the bidder/buyer. Printed
statements or descriptions by staff are provided in good faith and are matters of
opinion.

2. PAYMENTS: There is a 5% buyer's premium added to your total
purchase for absentee bidding, phone bids and all online bids. All sales are final.
No credit card charge backs will be allowed. All accounts must be settled at the
conclusion of the auction. We accept Visa & MasterCard ONLY. NOTHING will be charged
to your card until a purchase is made.

ONSITE BIDDER PAYMENT FEE: There is a
5% fee on top of your purchase price and any applicable buyer's premium if you choose
to pay by Visa or Mastercard Credit Card/Debit Card. Cash & Check are also
acceptable methods of payments for onsite auction purchases.

3. DEFAULT OF
BUYER: Successful bidder not paying for items within 3 days of the date of the
auction will be considered in default. Such default by the Successful Bidder will
result in that BidderÂ’s liability to both the Seller and Aumann Auctions, Inc.
Seller shall have the right to (a) declare this contractual agreement cancelled and
recover full damage for its breach, (b) to elect to affirm this contractual agreement
and enforce its specific performance or (c) Seller can resell the items either
publicly or privately with Aumann Auctions, Inc. and in such an event, the Buyer
shall be liable for payment of any deficiency realized from the second sale plus all
costs, including, but not limited to the holding/transporting/storage costs of the
items, the expenses of both sales, legal and incidental damages of both the Seller
and Aumann Auctions, Inc.

In addition, Aumann Auctions, Inc. also reserves
the right to recover any damages separately from the breach of the Buyer. The
purchaser agrees to pay all reasonable attorney fees and costs incurred by Aumann
Auctions, Inc. in the collection of funds. The purchaser also agrees that a
storage/handling fee of 2% per month be added to the balance of any unpaid balance
due Aumann Auctions, Inc. and any other costs or losses incurred by the BuyerÂ’s
failure to adhere to these terms. Any debt collection or dispute proceedings will be
litigated or arbitrated in Montgomery County, Illinois at the option of both the
Seller and Aumann Auctions, Inc.

Both the Successful Bidder and Seller shall
indemnify Aumann Auction, Inc. for and hold harmless Aumann Auctions, Inc. from any
costs, losses, liabilities, or expenses, including attorney fees resulting from
Aumann Auctions, Inc. being named as a party to any legal action resulting from
either Bidders or Sellers failure to fulfill any obligations and undertakings as set
forth in this contractual agreement.

4. SHIPPING: Unless indicated that the
Buyer will pick up, the auction company will arrange packing and shipping. Packing
and shipping costs are the responsibility of the Buyer. All items will be insured
for the purchase price. Our first priority is to deliver your new purchase in
excellent condition.

5. MISSING ITEMS: We document the contents of each
package. Please do not discard the original shipping box and packaging if you think
something is missing.

ONLINE BIDDERS BIDDING AND REGISTRATION
INFORMATION:

A. BIDDER VERIFICATION: Bidding rights are
provisional, and if identity verification is questionable, Aumann Auctions, Inc. has
the right to reject the registration, and bidding activity will be terminated. The
Seller and Aumann Auctions, Inc. reserve the right to preclude any person from
bidding if there is any question as to the person's credentials, mental fitness, etc.
Bidders agree to keep their username and password confidential as they are
responsible for ANY and ALL activity involving their account. If the registered
bidder's user name is offensive to Aumann Auctions, Inc. or in their sole opinion
detrimental to Bidding Activity, then Aumann Auctions, Inc. reserves the right to
delete the bidder from bidding or unilaterally change the username with notification
to the Bidder. When using the web site you must obey any and all local state and
federal laws. Violations will result in termination of web site use
privileges.

B. MAXIMUM BID: When you bid your maximum bid, the
current bid price does not automatically advance to your maximum bid. Another bidder
has to bid to increase the current price and the computer will automatically bid up
to your maximum in the increments specified.

C. AUCTION END TIMES:
Aumann Auctions, Inc. online only auctions are timed events and all bidding will
close at specified time. However, our auctions also have what is called an Auto
Extend feature. Any bid placed within the final 5 minutes of an auction results in
the auction automatically extending 5 additional minutes. The bidding will extend in
5 minute increments from the time the last bid is placed until there are no more
bids, and the lot sits idle for 5 minutes. Therefore, the auction will not close
until all bidding parties are satisfied and no one can be outbid at the last seconds
without having another opportunity to bid again.

D. TECHNICAL ISSUES:
In the event there are technical difficulties related to the server, software,
internet or any other online auction-related technologies, Aumann Auctions, Inc.
reserve the right to extend bidding, continue the bidding, or close the bidding.
Neither the company providing the software, nor Aumann Auctions, Inc. shall be held
responsible for a missed bid or the failure of the software to function properly for
any reason.

E. CONDUCT OF THE AUCTION: Conduct of the auction and
increments of bidding are at the direction and discretion of Aumann Auctions, Inc.
Aumann Auctions, Inc. reserves the right to reject any and all bids for any reason
and also reserves the right to cancel this auction, or remove any item or lot from
this auction prior to the close of bidding. All decisions of Aumann Auctions are
final.

Your bid on this auction indicates both an understanding and an
acceptance of the terms of this contractual agreement between you, as the Bidder, and
both Aumann Auctions, Inc. and the Seller. Your bid further indicates that you, as
the Bidder, are prepared to purchase items under these terms and conditions.

Johnson-Schaffer Pedal Tractors, Farm Toys, and Collectibles